Settings8H · net · $10k
Funding arb · Price arb /

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.069%
Price spread now: Aftermath Perps against tradeXYZ−0.036%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories
Funding pays, the price is against you. Aftermath Perps is 0.036% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:SP5007,767.70.0050pay 0.0006% / 1h1m 28s$431.6M$240.5M50x
ShortAftermath Perps US500USD7,764.90.0231get 0.0029% / 1h1m 28s$577$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against tradeXYZ. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$37.92
Price spread: −0.036% → 0.000%
−$3.62
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$7.3
Costs to cover
0.270%
Break-even
5.7 days
Slippage unknown: tradeXYZ: live order book, 9 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 9 min ago0.06 bp9.1 bp −$99.2 bp −$9210.2 bp −$1,017doesn't fit
Sell Aftermath Perps no order-book sample
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SP500 on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h7,667.4−1.291%$7K$10852xas long as short
QFEX US500-USD−0.0036%1h7,769.1+0.018%$11.9M$3.2M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,767−0.009%$152K$219K20xas long as short
Bitget SP500USDT0.0000%8h7,770.9+0.041%$7.2M$774K50xas long as short
Variational Omni US5000.0000%8h7,743−0.317%$17.5M$9.3Mas long as short
Bullet US500-USD0.0000%1h7,767.5−0.002%$13K$107K10xas long as short
Lighter US500+0.0032%1h7,766.1−0.021%$2.2M$28.4M50xas long as short
Extended SPX500m-USD+0.0032%1h7,767.9+0.003%$3.2M$15.5M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,739.2−0.367%$1.6M$7.0M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,833+0.841%$4.3M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,768.3+0.008%$583K$487K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,765.6−0.027%$43K5xas long as short
tradeXYZ xyz:SP500long+0.0050%1h7,767.7long leg$431.6M$240.5M50x
Polymarket Perps SP500-USD+0.0050%1h7,765.7−0.026%$9.0M$2.2M50xas long as short
SoDEX US500-USD+0.0050%1h7,767.3−0.005%$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,768.5+0.011%$9.5M$7.5M25xas long as short
Pacifica SP500+0.0100%1h7,768.1+0.006%$261K$177K20xas long as short
Aftermath Perps US500USDshort+0.0231%1h7,764.9−0.036%$577$24K10x